Wednesday, October 2, 2013

Six Lessons From Blowing $30 Billion in Brazil

If OGX goes under, its largest U.S. creditors stand to lose millions in Latin America’s largest corporate default. Batista’s salesmanship and Brazil’s growth boom drew investors to his over-hyped companies. The warning signs they missed offer precious investing lessons.

October 2, 2013
Total Views: 24

Friday, August 30, 2013

Eike Batista’s Brazilian Empire Was Sunk By More Than Hubris

A look at the rise and rapid fall of Eike Batista's Brazilian empire.

August 30, 2013
Total Views: 9

Friday, October 26, 2012

Batista Shows You Need to Spend Money to Make Money

(Bloomberg) — Billionaire Eike Batista is pledging as much as $2 billion to shore up the finances of his oil and shipbuilding companies after drilling and output delays. The controlling investor is...

October 26, 2012
Total Views: 4

Thursday, July 12, 2012

Batista Loses $15 Billion as Brazil Awakes From Dream

(Bloomberg) — When Eike Batista pitched investors on $6 billion in stock offerings over the past six years, he was selling more than his personal empire of interlinking commodity startups....

July 12, 2012
Total Views: 1